The Algorithm trader 🏌
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We focus mainly on what actually creates the market "algorithm"
Disclaimer ...!Every analysis sent to this channel are for "educational purposes" not for signals . should u be interested in understanding this algo,
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Watching for possible bearish reaction .., should price trade above this shaded region, then bullish possibilities is entertained
The Algorithm trader 🏌
3 possible bearish rejection levels ...
Rejection level 1 🏌‍♂.. look at the timeframe 🏄‍♂
The Algorithm trader 🏌
Rejection level 1 🏌‍♂.. look at the timeframe 🏄‍♂
Algorithm is currently bearing to fill up the previous bank effect shaded box
Should this shaded box breaks this shaded box, I would want to see algorithm create the market to this bullish imbalance ,
The Algorithm trader 🏌
Study 🏌‍♂
Triggered, let's watch and see how price delivers 🏌‍♂
After reaction , first take profit target on sight , second take profit daily , minor high above , possible bullish reaction created , would be expecting a bullish rentry around here in the future 🏌‍♂
🔥2
Would be watching here for one last bullish push to the upside, should this be broken, algorithm would be inclined to creating the bearish market... should this hold , a bullish push to 2000 is possible 🏌‍♂
The Algorithm trader 🏌
Possible rentry spotted it might take time , but I would love to see some bullish intentions in this region in the future ...
Instant 70pips reaction , fomc drove price into that imbalance , I expect to see algorithm bull to take out that high ...
Unto what shall I liken news to ?
News are order blocks !
News runs price up today , then the next day it starts to go down, runs price down today, then the next day it starts to go up ... go and check 🏌‍♂
The Algorithm trader 🏌
Algorithm is beautiful 🥹🥹
Sniped and take profit 2 target 210pips met 🏌‍♂